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SP Plus Corporation is an American provider of parking facility management services. It is a provider of parking, baggage handling, ground transportation, facility maintenance, event logistics, and security services across the United States and Canada. [1] Until December 2013, it was known as Standard Parking Corporation.
Parking technology provider Metropolis Technologies Inc on Thursday agreed to buy SP Plus Corp, which provides parking facility management services, for $1.5 billion, including debt. To finance ...
By December 2012, average hourly parking rates had dropped by 14 cents from $2.73 to $2.59, SFMTA's revenue from parking citations dropped from 45% to 20% of total parking revenue, and 6% of the new meters charged 25¢ an hour. [8] A March 2014 study found that SFpark met its 60–80% occupancy goal and that cruising for parking is down by 50%. [9]
Pages in category "Parking companies" The following 34 pages are in this category, out of 34 total. ... SP Plus Corporation; SpotHero; T. Toronto Parking Authority;
SP Plus (SP) delivered earnings and revenue surprises of 5.26% and 6.42%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
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Eldridge Industries also invested in Metropolis Technologies, an AI parking management company, [74] and led a $1.7 billion funding round for the company ahead of Metropolis' $1.5 billion acquisition of SP Plus Corporation in 2023. The acquisition was completed in May 2024, taking SP Plus private. [75]
SpotHero was founded by Mark Lawrence and Jeremy Smith in Chicago in 2011, with co-founder Larry Kiss joining the company soon after. [3] [4] The company started out as a peer-to-peer parking marketplace, where people could rent out their own private parking spots, before expanding the platform to partner with parking companies and garages.